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0 0 0 0.00257289879931384 0.0034305317324186 0.0111492281303603 -0.000857632933104613 0.0274442538593482
Stock impact report

Clothing retailers delay orders, freeze hiring as tariffs hit [Yahoo! Finance]

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
Company Research Source: Yahoo! Finance
orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China. These businesses, much like Nike and Lululemon, face an impossible choice: offset the cost of tariffs by raising prices by some 40% - potentially cratering sales - or absorb the cost increase and further strain already-thin profit margins. Unlike their bigger rivals, however, the smaller clothing and shoemakers lack vast supply chains, making them highly dependent on Vietnam and China. Ian Rosenberger, CEO of Day Owl, a six-year-old New York company that makes backpacks in Vietnam, has paused future orders. Unless there's a deal to significantly lower Vietnamese tariffs, Rosenberger estimates Day Owl has 30 days before it folds. But with a production cycle of about 100 days, waiting much longer risks missing the crucial back-to-school shopping season. "The damage is already significant enough to be an existential threat," he said, adding that his seven emplo Show less Read more
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